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Why Shorting ENA at $0.68 Feels Like Betting Against a Bank with Barely 9% Reserves

21 Aug 2025 1 minute read 2 comments Myxoplixx

Shorting the Ethena (ENA) token at around 68 cents right now is like making a risky wager against a bank that only holds about 9% in reserves while chaos swirls all around. The situation with ENA is complicated but very interesting because of how...